Univision and Mexico’s Televisa—two of the biggest Spanish-language media companies—are preparing to join forces in a merger that will enable them to capitalize on the so-far sluggish Hispanic global streaming space. (Adweek)
Televisa, which will be the single largest shareholder in the new company, would contribute its content assets for a total value of $4.8 billion. Univision, the largest Spanish-language U.S. broadcaster, will pay $3 billion in cash, $750 million in Univision common equity and $750 million in Series B preferred equity, with an annual dividend of 5.5 percent. (Reuters)
Televisa will also contribute its four free-to-air channels, 27 pay-TV networks channels and stations, its Videocine movie studio and Blim TV subscription video on demand (SVOD) service, and the Televisa trademark. (Forbes)
Univision will add its Univision and UniMás broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in the U.S. and Puerto Rico, along with its recently launched streaming service PrendeTV. Its management team will be in charge. (LA Times / Company Town)
To boost its war-chest, the new company, called Televisa-Univision, will get a $1 billion equity investment by a consortium led by SoftBank Group through the SoftBank Latin America Fund and which includes the participation of Google and The Raine Group. (WSJ)